December 28, 2021

The Positive Trend Of The Exchange Continues On The Second Day Of The Last Week Of 2021

 At 9.05am the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) reached 5.04 points at 1,538.95 from Monday's close of 1,533.91.

The index opened 2.07 points at 1,535.98.

It opened higher extending Monday’s rally and is expected to continue in addition to taking positive signals from the positive performance of the Wall Street market overnight.

On the broader market, investors saw gainers outnumber losers by 190 to 91, while 191 counters were unchanged, 1,838 untraded and 16 suspended.

Total turnover at 108.64 million units worth RM51.91 million.

A note issued by Malacca Securities Sdn Bhd stated that the KLCI's performance was supported by heavyweights which were going through a safe buying period with heavyweights expected to maintain the trend for some time.

In addition, the oil and gas sector was actively traded following strong Brent oil prices and investors are expected to pay close attention to recovery -themed stocks.

Heavyweights saw Malayan Banking Bhd (Maybank) decline 1 sen to RM8.29 while Public Bank Bhd, Petronas Chemicals Group and CIMB Group Holdings Bhd remained at RM4.15, RM8.85 and RM5.39.

Active stocks saw Kejuruteraan Asastera Bhd and Techna-X Bhd driving 0.5 sen at 26.5 sen and 8.5 sen respectively, Pestech International Bhd up 3.5 sen at 83 sen and Opcom Holdings Bhd up 1.5 sen at 96.5 sen on Dagang NeXchange Bhd (DNeX) remained at 76 cents.

On the index board, the FBM Emas index rose 34.99 points at 11,136.90, the FBMT 100 index added 35.30 points at 10,844.51 and the FBM Emas Shariah index rose 52.18 points at 11,993.85.

FBM 70 was up 45.13 points at 14,121.31 and FBM ACE added 29.41 points at 6,307.34.

The Products and Services Industry Index added 0.57 points at 199.88, the Plantation index drove 1.35 points at 6,548.53 and the Financial Services index rose 7.80 points at 15,522.86.